Uber founder Travis Kalanick is planning to sell off around 29 percent of his stake in Uber, which would provide around $1.4 billion in cash to the former CEO. This would be part of the offer made to SoftBank recently.
The deal would make Kalanick an actual billionaire, instead of just a theoretical one, and could set the former exec up for whatever comes after his Uber days.
GoPro thought a drone could save it – but ultimately that was like believing you could grow your niche appeal by targeting an even smaller niche, totally contained within the first niche. Unfortunately, GoPro's relatively recently spun up drone division pays the price.
Apple Music may have seemed like a potential death-blow for Spotify when it launched, but the latter streaming music provider continues to do well. It's now at 70 million subscribers, more than double the total of Apple Music customers, which makes sense given its product advantages over Apple's offering.
Intel CEO Brian Krzanich sold a lot of shares in November, when he was apparently aware of the Meltdown and Spectre bugs, but before the public knew about them. Intel says it's unrelated and was the result of an automated sale schedule.